Hope Group 2, Mukono

S. Grace is 45 years old and divorced with seven children of her own in her care. She has been in the business of selling clothes from Kikko for nine years, from which she makes about $315 in profit a week, although she still faces the challenge of lacking enough capital. She makes certain that her stock is of good quality, which attracts more customers. Grace has hopes of building a house for her children plus educating them to the University for Self Reliance in the future. She needs a loan to be able to buy more quality clothes for resale.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.